The Cayman Islands have a mature yet thriving real estate market. Properties are well constructed and there is a wide variety available including condos, apartments, townhouses and standalone houses. Prices of properties have risen significantly in the last two years. Here is a brief description of the Island’s residential areas:
Properties along Seven Mile Beach (SMB) usually demand a premium price. Depending on the size, age and location of the property, the price can vary hugely. You can purchase a 610sq ft Grand Hyatt Beachfront Studio Suite for US$521,375, or, on the other end of the spectrum, is an immaculate four-bedroom Watermark ground floor estate residence for sale at US$25 million.
Prestigious canal front neighbourhoods along the Seven Mile Beach corridor, such as Vista Del Mar, Salt Creek, Canal Point and Crystal Harbour, have some of the Island’s finest homes. For those on the hunt for luxury at the next level down, consider looking in Governor’s Harbour, the Shores and Patrick’s Island, with prices starting at around US$1.4 million and reaching in excess of US$5.65 million.
The affluent seaside community of South Sound has a good mix of homes on the market, including the new multi-purpose destination Harbour Walk and the modern development Privé, where two-bedroom and three-bedroom townhomes start at CI$735,000 and CI$925,000 respectively. You can also find beach front mansions, able to withstand the scrutiny of the most discerning luxury property buyers.
A wide selection of condos, luxury villas and delightful Cayman-style beach cottages are for sale in North Side. A stunning five-bedroom beach front home in Rum Point can go for around US$5.3 million.
The district of East End offers a quiet and more laid back feel, yet some properties are as well-appointed as those found along the Seven Mile Beach corridor. The cost for an elevated ocean front lot with panoramic views can range from US$999,999 up to US$1.4M.
The Brac’s Bluff has stunning views of the Caribbean Sea and is perfect for those who want a sea view with the added height protection from a potential storm surge. A beautiful .45 acre beach front parcel starts at US$135,000. A one-bedroom 898sq ft ocean view cottage can be yours for US$250,000.
Click this link to view more online information about Cayman's Residential Neighbourhoods.